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Home My WebLink About0996 THIS IN~ENTURE, Made t~ 2?nd ~y of April.____ 1~2~ D. 19 70 , between . WILLIAM_ E, COLLISON and M~LI~.~NT J. COLLISQN, . his wife_ of St. Lucie ~ ~a,~~, Flw~da, hereinafter designaced as the "MORTG/1GOR," and FIRST FEpERAI. SAVINGS AND LO/1N ASSOCIATION OF INOtAN RIVER COUNTY, a co~poratio~ organi:ed and ezi~ting unde~ t1+e laws of the United States of Amcrica and F+aving its prinupal place of business in the City of Vero Beath, Ind~an River County, Florida, hereina(tc~ designated as the "MORTG/1GEE." E pgy~/~ COR ~s just~y~ in~~ the MORTGAGEE in the wm of Thirtee~ Thousand, _T1N0 . i Hundr~ ~fo~1UlJ---'- (S1J, LW. poilars, good and lawful m~ney of the United States advanted by the ~ MORTGAGEE unto the MORTG/~CAR, as evidenced by a certain promissory note of eve~ date herew~th, of which the followinp in words ` and figures is a true copy, tawit: ~OpnA 4~~ No. ~ S 13, 20Q. 00 v~•j Vero eeach, Fto.~da. _ - April_22, - - - - - - - ~q7~ : , For value ~eceived 1 or we jointly or severally promise to pay to FtRST FEDERAL SAVING$ AND LOAN ASSOCI/1TION OF INDIAN M M > RIVER COUNTY, the sum of S 13,-2w-.-~n! - , at its office in Vero Beach, Florida, with interest at the rate of 75 ' per ter?t per a~num, in the followinQ manner: jl_1~,..~7____ upon the first of eath a~d every rt+onth hereafter until the full principal sum, with interest, has been paid; said monthly payments shall be applied first to the payment of interest on the unpaid balance, and then to the payment of principal. This note is negotiable and if default in payment occurs, may be placed in the hands of an atton?ey at law for collectio~, i~ which event I or we ag~ee to pay the costs of collection, including a reasonable attwney's fee, and each of us, whethcY maker, guarantor or endwser, hereby severally waives demand, notice of non-oavment and p.otest of this note. /s/William E. Collisoll _ __t5eau ~ - - - - /s/Melicent,~._ COlliSOII _ _ _ _ _ _ _ __~~ay In the event any payment is not made prior to the 20th day of the month when due, tfien this note shall bear interest at the rate of 9~8~6 from the date any such payment became due and throughout the period of s~h delinquency. 7J ~ State stamps paid and cancelled on original of this note in the amount of s_14..8Q. . NOW, THEREFORE, the MORTGAGOR for the purpose of securing the payment of the said sum of S 13:_200_ .00___.__ and the ~ performance of the covenants and agreements hereinaher expressed, and for divers good arx! valuable considentions, by these presents. does ~ grant, bargain, sell, remise, release, co~vey and confimn unto the MORTGAGEE its successors and assigns, all that certain lot, piece o~ parcel of land, situate. lying and being in the County of .St. LUCle and State of Florida, destnbed as follows: ~ Lot 6, Block 58, LAKEWOOD PARK, CJNIT NO. 6, according to the ~ Plat thereof as recorded in the office of the Clerk of the Circuit ~ Court of St. Lucie County, Florida, in Plat Book 11, page 7. ~ , i ~ ~ o ,~u . ~y S ~°1 C`:-~ ~ G'^ bt r:~~ C,,,t~~~"y~ ~C(F f PAYME7yt UF T as ~~`F~ PGI::.HS, ~le: t u4' AC?~~~ ~ROP~b r ~Sr~r _ t ~a~~rt St ~'Y. M,tiC~,/`r r+a i~esTauMen~r wws Prt~~o ~ C~' t:. +„x s~R ~Y GEORGE 'AEATH Y 8y ~ CCllcetor ~ sn,~~n+. H~n~, s~+~r?~ a m~ure~ ? a C VERO BEACH EF~LORIDA 32960 ; ~ D ~ I~ togethef with all and singular the tenaments, heredi~~rnd appu~tenances thereunto belonging or in anywise appertaining therero, and all rents, issues, proteeds and profits accruing and to accrue from said premises, all of which are included in thC above and foregoing de- xription a~d habendum_ ' TO HAVE AND TO HOLD the above destribed and gra~ted premises unto the said MORTGAGEE, its wtcessors and assig~s forever. ~ ~ And the said MORTGAGOR for their_ executors, administrarors and auigns, F+ereby covenants with the said MORTG/1GEE, its wtces- ~f € so?s and assigns, r~t.___.~hey__are__________________~,Wr~u,, seized of the said premises in fee simple; that tF?e same are free, clear and diz• ? ~ charged from all liens and encumbrances in law or in equity, and that _ theY. wiu and tllelr _ hein shall warrant and ~ defend the title to the same to the said MORTGACEE, its wccessors and auigns, fwever against the lawful claims and demands of all persons; ~ PROVIDED. ALWAYS that if the MORTG/1GOR shall pay unto the MORTG/1GEE the promissory note hereinbefore destribed, and ~ shall truly, prormptly and fully perform, discharge, execute, complete, comply v~rith and abide by each and every the stipulations, agreements. conditions and covenants of said promiuory note and of this Mortgage, then this Mortgage and the Estate hereby created shall cease a~d be ~ null and voi~l ~ IT IS UNDERSTOOD that the word "Mortgagor" whether in tF~ singular or plural anywhere in this Mortgage. shall be singular if one only and shall be plural jointly and severally if more than a~e, and that the word "Their" as used anywhere in th~s Mortgage shall be taken to mean "his," "her," or "its.' wherever the contezt so implies or admits. Atso, that wherever there is a refere.-+ce in the cwenants and ` agreements herein cantained to any of the parties hereto, the same shall be construed to mean as well as the heirs, legal representat' ceuors and ass~gns e~ r v tuntary-by-acrDt-tfie ihe law) ot the same and that the covenants herein cor?tained shal) bind and the ben°fits and advantages inure to the respective heirs, legal representatrves, successors a assigns o t aarties hereto. 3 And said Mortgagors, for themselves and their heirs, lega) rr.presentat+ves, successors and assigns, F~reby jointly and severaify covenant ~ and agree to and with the said MORTGAGEE, its successors and assigns: ~ 1. To pay a~l and singular the principal and interest and the various and wndry wms of money payable by virtus of said prorr.issory note, and this mortgage, each and every promptly on the days respectively the same severally betome due. ~ 2. To pay all and singular the taxes, assessments, levies, lia5ilities, obligatioru and inaimbrances of every nature and kind now on said destribed property, or that hereafter may be imposed, wffered, placed, levied, or assessed therea~ or that hereattcr may be levied o~ ; assessed upon this Mortgage, or tlie indebtedness secured hereby, each and every, when due an3 payabfe accordir?g to l.iw, before they be- ~ come delinquent, and before any interest attaches or any pznalty is inwrred; and insofar as any thereof is of retord the same shall be prompNy ~ satisfied and dixharged of record and the original official dotument (wch as, for instante, the tax reteipt or the satisfac`ion paper officially endorsed or certified) shall be ptaced in the hands of said MORTGAGEE within ten days next after payment; and in the event that any thereof ! is not paid, satisfied and distharged, sai~ MORTGAGEE may at any time pay the same or any part thereof without waiving or affecting any option, lien, equity, or right under or by virtue of this Mortgage, and the full amount ot each and every wch payment shall be immediately due and payable and shall bear interest from the date thereof until paid at the rate of and r eentum r annum and together s with such inte?est shall be secured by the lien af this mort~age. elg~ t ee- ~ arters~ ~ 3. To place and continuousfy keep on the buildings now or hereafter situated on said land a~d on all equipment and personalty Cov- ~ ~ ered by tfiis mortgage, with all p.emiums thereon paid~en full, firg inwrance in the uwal standard polity form, in a wm approved by the ~ MORTGAGEE, and tornado insurance in the usual standard poliq form,in a wm approved by the MORTGAGEE, in wch company w companies as the MORTGAGEE msy direct; and all fi~e and tornatb inwrance policies on any of said buitdir.gs, any interest therein or part thereof, in the aggregate sum aforesaid or in excess thereof, shall contain the usual standard mortgagee ciause or wch other clause as the Mortgagee may reQuire, making the loss under said policies, each and every, payable to said MORTGAGEE as its interest may appear, and each and every such policy shall be promptty assigned and delivered to and held by said MORTGAGEE as fu.ther security to said mortgage debt, and, not less than ten (10) days in advance of the expiration of eath poliq, to deliver to said MORTGAGEE a.enewal thereof, togethe~ with a receipt for the premium of wch renewat; and tfiere shall be no fire w tomsdo insu.ance placed on any of sa;d build;ngs. any interest therein or ~ part thereof~ unkss in the fprm and with the loss payabk ss aforesaid: and in the event any wm of money becomes payable under such ' ~ ` . ~ FfIRG`~2S1-S00~9~69-A 800K~V4 rApF ` 9~ ~ ~ - : _ _ . -